Wednesday, April 23, 2008

$1b contract for Sentosa IR awarded


RESORTS World At Sentosa on Wednesday awarded its biggest construction contract to date - a $1.05 billion deal to build three hotels.

The contract went to Kajima-Tiong Seng joint venture. The Japanese and local tie-up will build RWS' Hotel Michael, Maxims Residences and Festive Hotel, as well as the casino and the theatre.
This brings the total amount of contracts given out to $2 billion for the construction of the $6 billion integrated resort on Sentosa.

Mr Michael Chin, RWS' executive vice-president of projects said: 'This contract covers some of the key components of the development, and we were looking for a contractor with the relevant experience and reputation for completing projects on time. Kajima and Tiong Seng's track record, ranging from the Marina Bay Financial Centre (Phase I) to the St. Regis Singapore, speaks for itself.'

Giving a further update on the construction, Mr Chin said that the buildings can be seen rising from the ground within the next few months.

The foundation work for the roller coaster ride in its Universal Studios theme park will start in June or July.

The resort is on track to be completed for its soft opening in 2010.

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